Justin Sun responded: Non-Huobi buyers will support Huobi’s development as consultants

On October 10, in response to a self-media report that "Justin Sun is the actual buyer of Huobi Global's transaction", Justin Sun told Cailianshe that neither Justin Sun nor TRON was the acquirer of Huobi's shares. In the future, Justin Sun and TRON will continue to support the development of Huobi. Justin Sun has been invited to serve as a member of the newly established Huobi Global Advisory Committee.

Justin Sun, founder of TRON, currently serves as Grenada’s permanent representative to the World Trade Organization (WTO) and ambassador extraordinary and plenipotentiary.

According to public media reports, the equity transfer and asset delivery of Huobi Global have been completed, and the fund under About Capital has become the largest shareholder and actual controller of Huobi Global.

On October 10, regarding this merger and acquisition, some self-media published a report saying that Justin Sun is actually the core investor of Baiyu Capital's M&A fund, and therefore pointed out that Justin Sun is the actual buyer of Huobi Global in this transaction.

On the same day, Huobi announced that Huobi Global decided to establish a global advisory committee. Ted Chen (Chen Yihua), founder of Baiyu Capital and former founding partner of Jinglin Asset, Du Jun, co-founder of Huobi Global, Wang Yang, vice-president of the Hong Kong University of Science and Technology, Justin Sun, founder of Tron, and Leah Wald, co-founder of Valkyrie Investment, will become members of the advisory committee.

In response to this, Justin Sun tweeted that he was very honored to be appointed as a member of Huobi Global's Global Advisory Committee. Together with other members, he will guide the development of Huobi Global in the fields of industry development, academic research, compliance and risk control, further strengthen inter-institutional cooperation, enhance brand influence and market competitiveness, make the new Huobi Global more recognized by users, and lead Huobi Global into a new milestone.

In September 2017, Justin Sun founded TRON, which is committed to accelerating the decentralization of the Internet through blockchain technology and decentralized applications. Currently, TRON has become one of the world's largest open blockchain platforms, with more than 115 million users and more than $50 billion in on-chain cryptocurrency assets. In terms of the total value locked in DeFi (TVL), it ranks among the top three in the world, currently exceeding $11 billion. The TRON network completed full decentralization in December 2021 and became a purely community-managed DAO.

Justin Sun also actively pays attention to the digital innovation and public welfare of artworks. In 2021, he bought classic works of artists such as Picasso, Giacometti, and Andy Warhol, with a collection value of nearly 1 billion yuan. He later donated most of his collections to the APENFT Foundation for the NFTization and digital innovation of artworks. In 2019, Justin Sun bought the "Buffett Charity Lunch" for US$4.568 million. In 2021, Justin Sun launched the "Starry Sea" charity event, inviting 5 partners to plan to fly to space together on the "New Shepard" rocket of Bezos' Blue Origin in 2023.